Tag: Orlando Realtors

Another Orlando Foreclosure Stopped In A Nick Of Time!

Posted on by Jenny Zamora

This is the story of Veronica from Hunters Creek, FL. I’m not using her real name or address because this short sale is still being processed. However, the fact that we’ve stopped the foreclosure sale a total of five times in the past two years I felt was worth writing about.

It’s the typical short sale stuff you hear from lenders. “We didn’t get the file”, “the financials need to be updated”, “the BPO came in too high”, “we’re still waiting to hear from the investors”, you name…on this file, we’ve heard them all.

This case, however, came with a bit of a twist at the end of the year. In December of 2014, everything was set to go, the bank had everything they needed including a solid offer for the price that they wanted. With a foreclosure sale date of January 20, 2015, there was more than enough time to get this one closed and put it behind us.

Out of nowhere, the bank decides that there isn’t time for them to process the short sale and they proceed to close the file!!? WTF? are the only three letters that make sense here. Any realtors that specialize in Orlando short sales know exactly how frustrating this can be, especially after putting so much work into something.

Although I’m not an attorney, after making hundreds of visits to the courthouse, sometimes I feel like one. My client was so disgruntled with the bank that she was ready to call it quits and just let the property go to foreclosure. I asked my client to allow me to give it one more try and asked her to write to the judge requesting a postponement and explain her side of the story. The judge immediately agreed and granted a hearing the following week. Since my client had to work on the day of the hearing, I just had her sign a power of attorney so that I could speak to the judge on her behalf.

Being that we had already stopped the foreclosure sale on four separate occasions, I was a little worried to be perfectly honest. I guess the lender’s attorney assumed this would be a slam dunk and didn’t even bother to show up! This made things a bit easier for me to explain my case to the judge. It took some explaining but after working on this file for over 2 years, I wasn’t about to go down without a fight.

After hearing the entire story, the judge decided to postpone the sale date once again! He granted us another three months to get the deal closed, March 12, 2015, which also happens to be my birthday! Although we only need a few more weeks to close it, it’s nice to know we have time to spare.

Working as an Orlando short sale realtor since 2004, I have countless stories like these. If you’re looking for someone to help you avoid foreclosure and the short sale of your home, give me a call at 407-902-7750.

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

A Beautiful Day In Hunters Creek, FL. Come Join Me!

Posted on by Jenny Zamora

I wake up to a dense mist over the pond in my backyard, the only things I see moving are the deer grazing in the open field. It gives me the feeling of living deep in the forest as I notice the tops of the tall pines towering above. Throughout the day I get regular visits by a wide variety of native birds that swoop into the fish-filled pond to grab their meal for the day. This is a common sight to see in Hunters Creek, FL. my favorite neighborhood in the whole world. It’s a crisp and peaceful winter morning as bicyclists and joggers make their way through the many nature trails located throughout the neighborhood. 

When you live and work in a neighborhood where the quality of life can be seen just by peaking out the window or grabbing the morning paper, you have no choice but to feel fortunate and blessed. As my two boys [8 and 10] reluctantly wake up to eat breakfast, my wife and I get ready for our morning bike ride through Shingle Creek Trail. On the way to the trail, our 3rd and 5th graders join us for a few blocks until we arrive at their school, West Creek Elementary, an A school with an impeccable reputation.

As we continue on our journey to the trail we cruise through the Vista parks which include: 3 soccer fields, 4 basketball courts, a volleyball court, 2 playgrounds, gazebos, and two dog parks… all within a distance of 1/2 mile! My boys both play competitive soccer for the Hunters Creek Soccer Club which is ranked one of the top clubs in Central Fl. However, if soccer isn’t your child’s sport of choice, Hunters Creek also offers youth basketball, baseball, football, tennis, and even a volleyball league.

The community center located in Osprey park which is less than a mile from my house has so many amenities including recreational activities, classes, and programs for residents of all ages. And when the weather is nice, they have movies in the park on Friday nights where you can bring chairs, blankets, and snacks to enjoy popular family movies under the stars.

HuntersCreek

On our way back to the house my wife and I who is also an Orlando realtor decide to ride through the new development of “Hunters Point” formerly known as “Kailey’s Ridge” to see how the construction of the highly anticipated new subdivision is coming along. The area will consist of 127 homes built by “Surrey” and “Ryan” home builders. So far, the streets and sidewalks have been paved but no sign of the first foundation being laid yet.

At the end of the day we all head over to the Alehouse located at the Hunters Creek Villages, to take advantage of the weekly BBQ rib special that they offer to residents. We are fortunate enough to have a wide variety of great restaurants, bakeries, delis, frozen yogurt, and pizza places all within walking distance. If shopping is your thing, “The Loop” just 2 miles away has everything you could wish for in a mall including a state-of-the-art movie theater.

Although Hunters Creek was voted the 21st best place to live in the whole United States, in my book it’s #1. It’s obvious that enjoy Hunters Creek, the place I call home and I would love the opportunity to show you any of the limited amounts of homes that are for sale now as well as in the new community of Hunters Point. I’m sure that you would love Hunters Creek as much as I do. let’s turn your dream into an address! Contact me at 407-902-7750 or visit.  https://orlandorealtyconsultants.com/

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

New Homes In Orlando Getting More Expensive

Posted on by Jenny Zamora

In 2014 new housing developments in Orlando became increasingly more expensive throughout the year and we can expect to see more of the same in 2015 according to Orlando Realtors. This is in part due to newly retired couples looking for a permanent move as well as vacationers wanting to have a new home away from home.

Prices on new homes in Orange county are scaring some buyers away. In fact, when compared to Lake and Osceola counties, Orange County leads the way in price per sq ft. for relatively the same quality home. Builders say that retirees and vacationers have been able to tap into their investment savings in recent years and use them to reinvest in Orlando real estate.

The rising prices of new homes in Orlando have been evident in both the high end as well as lower-end homes. New home builders see the trend and continually try to offset the higher prices by offering incentives to buyers that struggle to qualify for mortgages, especially the people that lost their homes in the market crash of 2007 to foreclosure or short sale.

Reducing the number of upgrades, less customization on the homes as well as reducing closing costs to a minimum are the most popular ways to discount pricing. Even with builders scrambling to find ways to keep costs down and increase buyer incentives, higher prices may still price many potential home buyers out of the Orlando real estate market.

However, even with the higher-priced homes, closings on new homes in Central Florida overall have continued to increase during the past year. South Orlando seems to be Central Florida’s strongest area for new home building with over 1,200 housing starts in the third quarter of 2014.

Approximately 1/3rd of those homes were in the Lake Nona area development which was the most activity for single-family residences for the quarter. Overall during the third quarter of 2014 builders began building more houses than they had sold.

THE POINTE AT HUNTERS CREEK

 New Homes In Orlando Falling Behind Schedule

This may be the cause for other developments like “The Point at Hunters Creek” formerly known as “Kailey’s Ridge” to fall way behind schedule. This development located in the much sought-after community Hunters Creek was to consist of 134 single-family homes built by both Ryan Homes and Surrey Homes and was expected to have homes for sale by October of 2014.

We’re now in January of 2015 and the new development has only gotten as far as clearing the land and paving the streets. Many potential buyers that have been patiently waiting to secure one of these new homes have opted instead to buy an older home in the community.

 

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Orlando Real Estate’s Perfect Storm

Posted on by Jenny Zamora

In 2014, the Orlando real estate market recovered significantly. Home sale prices rose and continue to rise and at the same time, mortgage interest rates remain relatively low. These conditions created the perfect storm of opportunities for those looking to buy or sell Orlando real estate.

Different real estate markets across the nation are typically labeled as being either a “buyer’s market” or a “seller’s market”, which is what makes the Orlando real estate market so special right now. It’s both a buyer’s and seller’s market! More and more buyers are being attracted to the market yet the number of Orlando homes for sale remains low compared to the demand. The low-interest rates allow homes to remain affordable while the supply and demand still help sellers to get top dollar for their homes.

New Homes Expected To Drive Down Prices of Older Homes

The bad news is that these market conditions won’t last forever. Moving into 2015 more and more Orlando homeowners are expected to put their homes on the market and home builders are busy developing brand new neighborhoods throughout Orlando and Kissimmee. These new homes will create a lot of competition for homeowners that have older homes thus driving prices downward, especially when builders/developers reveal the incentives they will offer buyers to move into one of their brand new homes. Given a choice of buying brand new or used, I can’t think of anyone that would prefer to buy a used home or anything else for that matter, especially when the homes are in the same price range.


No matter what your situation has been over the past few years, chances are that it’s changed. Lately, when I’m asked to provide a potential seller with a free home valuation report, they become both shocked and happy when I show them how much I can sell their Orlando home for. I also express to them how the real estate market is ever-changing and home values can drop just as easily as they can rise.

My advice to homeowners that are serious about selling is that they should explore their options sooner than later. Homeowners should beware of trying to convince themselves of holding off on selling a home solely because they believe that their home’s value will continue to go up.

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Free Orlando Home Value Tool

Posted on by Jenny Zamora

The Orlando Realty Consultants team is now offering a free Orlando home value tool for homeowners that are considering selling their homes. This tool determines your property’s value by factoring in various details about the home including the current condition of the home, the square footage, upgrades, etc. All you have to do is fill in the fields on the home value estimator and within 24 hrs you’ll receive a free report prepared by a top Orlando realtor of what your home is worth in today’s real estate market.

This tool is a great way for both experienced homeowners as well as those people that just want to test the waters and aren’t really looking to sell. With new construction once again on the rise in certain neighborhoods, it’s the perfect time to find out what your house is worthwhile Orlando is still in such high demand.

Selling a home can be a very complex process and there are several factors that can affect your home’s value. For anyone in the Orlando area, our free home valuation tool is a convenient and very effective way for potential sellers to find out the true value of their home. These tools will also tell you what adjustments can be made by the potential seller to increase the home’s selling power.

Home Value Reports Prepared By Top Orlando Realtors

values

The biggest thing that sets our home valuation tool apart from other home valuation tools in the industry is that the report you receive from us is created by highly experienced Orlando listing specialists that work for us as opposed to receiving a generic report as you would get from Zillow and other similar companies.

The information that you submit goes directly to one of our Orlando listing specialists for completion. The agent then takes all of the info that was submitted and researches comparable properties in that same area. That’s why it’s important to submit as many details about the home as possible. Once the report is complete, it gets sent to the homeowner with absolutely no charge or obligation.

We also realize that some homeowners just aren’t ready to speak to a realtor which is why the agent will not contact the potential seller unless the seller requests to be contacted. Find out what your Orlando home is worth.

 

 

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields